Bank of Korea governor signals sustained hawkish stance for higher growth and rates
Briefing by News4U · First published
Governor Shin Hyun-song said the central bank will adjust policy for a high-growth, high-rate environment and expects 2026 growth above 3%.
Sina Finance reported that Bank of Korea Governor Shin Hyun-song told lawmakers the central bank will adjust monetary policy to prepare for a future environment of higher economic growth and higher interest rates, indicating it will maintain a hawkish stance for some time. [1]
He said the economy is unlikely to return to an era of ultra-low rates and that the bank will implement policies to prepare for possible high-growth, high-rate conditions. [1]
The bank raised rates to 3% in July and August, its first consecutive hikes since January 2023, and described its latest decision to hold rates steady as a pause rather than a shift in stance. [1]
Sources
- 韩国央行行长称将调整政策，为高增长高利率环境做准备
Sina Finance · · Full text